EastNets Partners With BICS to Offer Global Mobile Remittance Solution
Poster: SySAdmin
Posted on October 25, 2010 at 8:35:01 AM
EastNets Partners With BICS to Offer Global Mobile Remittance Solution
DUBAI, UAE, October 25, 2010/PRNewswire-FirstCall/ --
- en.MoRe Deployed Through BICS' Network of 250 Mobile Operators
EastNets, a leading global provider of compliance and payments
solutions and services, has announced that it has recently signed a
partnership with BICS, a leading global provider of Voice, Messaging,
Roaming, Connectivity and Mobile Financial Services, to connect its newly
launched mobile remittance solution known as en.MoRe to BICS' HomeSend
solution.
The partnership between EastNets and BICS creates a new mobile
remittance solution, scheduled to go live this month, enabling consumers to
simply use their mobile phone to trigger a money transfer transaction in an
easier, more cost-effective and more convenient way compared with traditional
remittance approaches.
"EastNets en.MoRe solution delivers great value to our
HomeSend customers who can already send mobile to mobile transactions," said
Frederic Schepens, Senior Vice President, BICS. "With this partnership we
essentially bring a mobile hub together with a bank hub to create a unique
solution that allows our HomeSend customers to transfer money from their
electronic wallet to a bank where it can be collected as cash. We are excited
about this relationship because together we offer a solution that is very
scalable and can build market share very quickly."
"EastNets' partnership with BICS is a key step in line with
our goal to establish a strong presence in the growing remittances market. We
are likewise confident that en.MoRe will allow BICS to expand its own market
base by acquiring new customers who want to utilise the mobile remittance
solution," said Hazem Mulhim, CEO of EastNets.
This partnership will help mobile network operators and banks
to target the estimated 200 million migrant workers around the globe who send
money to friends and families on a regular basis. EastNets and BICS have
plans to expand the market coverage in the coming months, starting with a
many-to-many network between mobile network operators in 10 sending countries
and banks in 15 receiving countries. The service will be offered in key
markets such as Pakistan, India, the Philippines and the Middle East.
en.MoRe is a technology platform and payment scheme to enable
banks to interoperate globally. It allows banks to connect to a single hub
that is already linked via SWIFT to more than 8,000 banks worldwide. EastNets
is currently in the process of obtaining certification for the SWIFTReady
Workers' Remittance Label with its en.MoRe solution. EastNets can also offer
electronic wallet services and solutions that comply with anti-money
laundering regulations to simplify implementation.
The HomeSend solution on the other hand is a global hub
service that allows any mobile operator in any country to access and benefit
from the international remittance market. Powered by eServGlobal and operated
by BICS, it enables cross border person-to-person money transfers, airtime
exchange and roaming recharge.
About EastNets
EastNets is a leading provider of global compliance and payment solutions
and services with over 1,000 customers in 120 countries. Founded in 1984,
EastNets has over 25 years of experience serving financial institutions and
corporates around the globe. EastNets provides Compliance Solutions including
anti-money laundering and anti-fraud; Resilient SWIFT Solutions for SWIFT
FIN/XML reporting, duplicate detection management, disaster recovery, and
outsourced SWIFT connectivity with its SWIFT Service Bureau; and Mobile
Remittances Solutions enabling secure, compliant mobile remittances. In
addition, EastNets delivers a full range of SAA payment architecture
consulting, implementation services, training and maintenance to help clients
protect, manage and improve their SWIFT environment. For more information,
please visit http://www.eastnets.com.
About BICS
BICS delivers best in class global solutions for Voice, Messaging,
Roaming, Connectivity and Mobile Financial Services to hundreds of
telecommunication providers around the world.
With our passionate and creative teams located in Brussels, Bern, Monaco,
Dubai, Singapore and New York, we continuously strive to provide our
customers with the highest levels of quality, reliability and
interoperability that enable them to maximise End-user value.
Our innovative approach is visible through our place at the forefront of
the market consolidation and technology advancement. We are a joint venture
of Belgacom, Swisscom and MTN, and have rolled out transformative Next
Generation Networks (NGN). This together with our continued focus on Value
Added Services for Mobile Operators and our growth strategy has enabled us to
reach a world-leading position both on the International Voice and Mobile
Data markets.
For more information, please visit: http://www.bics.com.
About eServGlobal
eServGlobal specializes in Mobile Money solutions and Value-Added
Services (VAS), to help Telco Service Providers increase their revenue and
gain and maintain customer ownership.
eServGlobal invests heavily in product development, using carrier-grade,
next-generation technology and aligning with the requirements of more than 60
customers in over 45 countries. For 24 years, mobile, fixed, Internet and
multiplay telco providers have used our capabilities to lead and innovate in
their local markets, leveraging their core assets and their trusted agent and
subscriber relationships.
With 14 offices globally, eServGlobal provides full "end-to-end" and "any
account to any account" Mobile Financial Services and International Money
Transfers. Our HomeSend solution is the only mobile-centric international
remittance hub to gain endorsement from the GSM Association.
Our Value-Added Services in promotions, loyalty, messaging and multiplay
are focused around the transaction and enable service providers to engage
with the subscriber in a personalized and dynamic manner. To reduce time to
market and manage exposure to CAPEX, we now offer multiple licensing
alternatives, including SaaS-based flexible, revenue-share pricing.
eServGlobal is listed on the Australian Stock Exchange (ESV) and the
London Stock Exchange AIM (ESG).
More information at: http://www.eservglobal.com
Source: eServGlobal
Press contacts: eServGlobal, Alison Cheek, Communication Manager, +33-1-4612-7746, alison.cheek@eservglobal.com, http://www.eservglobal.com
DUBAI, UAE, October 25, 2010/PRNewswire-FirstCall/ --
- en.MoRe Deployed Through BICS' Network of 250 Mobile Operators
EastNets, a leading global provider of compliance and payments
solutions and services, has announced that it has recently signed a
partnership with BICS, a leading global provider of Voice, Messaging,
Roaming, Connectivity and Mobile Financial Services, to connect its newly
launched mobile remittance solution known as en.MoRe to BICS' HomeSend
solution.
The partnership between EastNets and BICS creates a new mobile
remittance solution, scheduled to go live this month, enabling consumers to
simply use their mobile phone to trigger a money transfer transaction in an
easier, more cost-effective and more convenient way compared with traditional
remittance approaches.
"EastNets en.MoRe solution delivers great value to our
HomeSend customers who can already send mobile to mobile transactions," said
Frederic Schepens, Senior Vice President, BICS. "With this partnership we
essentially bring a mobile hub together with a bank hub to create a unique
solution that allows our HomeSend customers to transfer money from their
electronic wallet to a bank where it can be collected as cash. We are excited
about this relationship because together we offer a solution that is very
scalable and can build market share very quickly."
"EastNets' partnership with BICS is a key step in line with
our goal to establish a strong presence in the growing remittances market. We
are likewise confident that en.MoRe will allow BICS to expand its own market
base by acquiring new customers who want to utilise the mobile remittance
solution," said Hazem Mulhim, CEO of EastNets.
This partnership will help mobile network operators and banks
to target the estimated 200 million migrant workers around the globe who send
money to friends and families on a regular basis. EastNets and BICS have
plans to expand the market coverage in the coming months, starting with a
many-to-many network between mobile network operators in 10 sending countries
and banks in 15 receiving countries. The service will be offered in key
markets such as Pakistan, India, the Philippines and the Middle East.
en.MoRe is a technology platform and payment scheme to enable
banks to interoperate globally. It allows banks to connect to a single hub
that is already linked via SWIFT to more than 8,000 banks worldwide. EastNets
is currently in the process of obtaining certification for the SWIFTReady
Workers' Remittance Label with its en.MoRe solution. EastNets can also offer
electronic wallet services and solutions that comply with anti-money
laundering regulations to simplify implementation.
The HomeSend solution on the other hand is a global hub
service that allows any mobile operator in any country to access and benefit
from the international remittance market. Powered by eServGlobal and operated
by BICS, it enables cross border person-to-person money transfers, airtime
exchange and roaming recharge.
About EastNets
EastNets is a leading provider of global compliance and payment solutions
and services with over 1,000 customers in 120 countries. Founded in 1984,
EastNets has over 25 years of experience serving financial institutions and
corporates around the globe. EastNets provides Compliance Solutions including
anti-money laundering and anti-fraud; Resilient SWIFT Solutions for SWIFT
FIN/XML reporting, duplicate detection management, disaster recovery, and
outsourced SWIFT connectivity with its SWIFT Service Bureau; and Mobile
Remittances Solutions enabling secure, compliant mobile remittances. In
addition, EastNets delivers a full range of SAA payment architecture
consulting, implementation services, training and maintenance to help clients
protect, manage and improve their SWIFT environment. For more information,
please visit http://www.eastnets.com.
About BICS
BICS delivers best in class global solutions for Voice, Messaging,
Roaming, Connectivity and Mobile Financial Services to hundreds of
telecommunication providers around the world.
With our passionate and creative teams located in Brussels, Bern, Monaco,
Dubai, Singapore and New York, we continuously strive to provide our
customers with the highest levels of quality, reliability and
interoperability that enable them to maximise End-user value.
Our innovative approach is visible through our place at the forefront of
the market consolidation and technology advancement. We are a joint venture
of Belgacom, Swisscom and MTN, and have rolled out transformative Next
Generation Networks (NGN). This together with our continued focus on Value
Added Services for Mobile Operators and our growth strategy has enabled us to
reach a world-leading position both on the International Voice and Mobile
Data markets.
For more information, please visit: http://www.bics.com.
About eServGlobal
eServGlobal specializes in Mobile Money solutions and Value-Added
Services (VAS), to help Telco Service Providers increase their revenue and
gain and maintain customer ownership.
eServGlobal invests heavily in product development, using carrier-grade,
next-generation technology and aligning with the requirements of more than 60
customers in over 45 countries. For 24 years, mobile, fixed, Internet and
multiplay telco providers have used our capabilities to lead and innovate in
their local markets, leveraging their core assets and their trusted agent and
subscriber relationships.
With 14 offices globally, eServGlobal provides full "end-to-end" and "any
account to any account" Mobile Financial Services and International Money
Transfers. Our HomeSend solution is the only mobile-centric international
remittance hub to gain endorsement from the GSM Association.
Our Value-Added Services in promotions, loyalty, messaging and multiplay
are focused around the transaction and enable service providers to engage
with the subscriber in a personalized and dynamic manner. To reduce time to
market and manage exposure to CAPEX, we now offer multiple licensing
alternatives, including SaaS-based flexible, revenue-share pricing.
eServGlobal is listed on the Australian Stock Exchange (ESV) and the
London Stock Exchange AIM (ESG).
More information at: http://www.eservglobal.com
Source: eServGlobal
Press contacts: eServGlobal, Alison Cheek, Communication Manager, +33-1-4612-7746, alison.cheek@eservglobal.com, http://www.eservglobal.com